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Episodes
Thursday Dec 14, 2023
Thursday Dec 14, 2023
Portfolio manager Alex Gold joins us on the program today. Alex manages Fidelity’s Global Health Care Fund for Canadian investors, and today, he looks at what trends shaped 2023 and what potential sectors could shape 2024. Alex says our aging population continues to drive the healthcare sector. It’s anticipated that the 65+ year-olds population will rise from 750 million to 1.5 billion by 2030. This will open up opportunities in the healthcare sector driven by innovation advancement in healthcare companies. A big theme as of late has been anti-obesity drugs. Novo Nordisk for example has been fighting the ongoing epidemic of diabetes and obesity for over a decade. The Danish drug manufacturer has seen an incredible 1,953 per cent increase since 2010. Companies that help with the manufacturing for medical vials and injectable cartridges have also benefited from this rise. Alex points out the fund is underweight pharma and large biotech and overweight managed care particularly focusing on major insurance companies.
Recorded on November 22, 2023.
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